KUALA LUMPUR: CIMB Equities Research expects GHL Systems Bhd
to show stronger earnings in the second half of 2016 as it gets more merchants involved in the transaction payment acquisition (TPA) from Malaysia and the Philippines.
The research house said on Tuesday it maintained an Add and target price of RM1.15 still based on 24 times CY17 price-to-earnings (P/E), which is a 20% premium to sector.
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